Ethereum News Today: Pepe Soars 10% on Bullish Harmonic Pattern Amid Crypto Rally

Generated by AI AgentCoin World
Saturday, Aug 9, 2025 5:06 am ET1min read
ETH
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Aime RobotAime Summary

- Ethereum's $4,150 breakout sparks crypto rally, with Pepe (PEPE) surging 10% amid bullish momentum.

- PEPE forms a Bearish ABCD harmonic pattern, projecting a 32% potential rise to $0.00001628 if the CD leg completes.

- Sustained strength above $0.00001207 could validate the bullish setup, while a drop below risks pattern breakdown.

- Ethereum's rebound creates favorable conditions for memecoins, though analysis emphasizes no investment advice is provided.

The cryptocurrency market has entered a bullish phase, with

Ethereum
(ETH) breaking above the $4,150 level for the first time since 2021, triggering a broader rally among major memecoins, including Pepe (PEPE). Over the past 24 hours, PEPE has surged approximately 10%, drawing attention from technical analysts due to a notable
harmonic
pattern unfolding on its price chart [1].

On the daily timeframe, PEPE is forming a Bearish ABCD harmonic pattern, a well-known structure that, despite its bearish name, often includes a bullish CD leg before reaching a Potential Reversal Zone (PRZ). The move started from point A at around $0.00000831, pulled back to point B at $0.00001004, and then rebounded to point C at approximately $0.00001232. The current price is in the process of completing the CD leg [1].

According to harmonic analysis, the CD leg could extend toward the 1.31 Fibonacci extension of the BC leg, projecting a PRZ near $0.00001628. If this level is reached, it would represent a roughly 32% gain from the current price [1]. The pattern suggests a strong possibility of a continued upward move, provided the price sustains above key support levels.

Momentum is currently favoring the bulls, with PEPE holding above its 25-day moving average, currently around $0.00001207. Sustained strength in this region would

affirm
the bullish setup and potentially lead to a test of the PRZ. However, a drop below this support could signal a shift in sentiment and initiate a period of consolidation or a breakdown of the pattern [1].

The broader market environment has also contributed to the recent momentum. Ethereum’s rebound to levels above $4,150 has created a more favorable backdrop for memecoins, as investor confidence returns and trading activity increases. This context supports the idea that PEPE could benefit from the ongoing rally in the sector [1].

It is important to note that the analysis is based on technical price patterns and does not constitute investment advice. Investors are encouraged to conduct their own due diligence before making any decisions [1].

Source: [1] Pepe (PEPE) To Soar Higher? Key Harmonic Pattern Signaling Potential Upside Move (https://coinmarketcap.com/community/articles/68970d83fb42f05883fed9a9/)